Announced Wed, 9 Sept · 20:38 IST
NCLT admits demerger petition of Reid and Taylor into Digjam
DIGJAMLMTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
+31.5%1-day move
₹51.50
prior close
₹52.98
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+12.3+7.8+9.5+15.1+31.5+26.2+19.9+13.9+19.6—————
Up moveDown movePending
AI summary
NCLT Chennai admitted the petition for the scheme of arrangement under Section 230-232 of the Companies Act, where Reid and Taylor International Private Limited will demerge into Digjam Limited. The First Motion order was passed on 19 June 2026, and the Chairman's report dated 16 August 2026 confirms that shareholders and creditors have already approved the scheme. The Tribunal has directed notice to statutory authorities and publication in newspapers, with the next hearing fixed for 28 October 2026.
Likely market impact
Progress on the demerger scheme; shareholders await final NCLT approval at the 28 October 2026 hearing.